MISC, banks lead KLCI higher, oil posts strong advance

KUALA LUMPUR: Strong gains in MISC and the banking sector helped to keep the positive momentum going on the FBM KLCI, which extended its rebound for a third straight day.

Anxieties over the spreading coronavirus and its impact on the global economy were alleviated as the US recorded robust payrolls data amid moves by China's policymakers to prop up its financial markets.